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The entry to record the return of $25 of inventory to a supplier under the perpetual inventory system is recorded with a debit to _____.
The entry to record the return of $25 of inventory to a supplier under the perpetual inventory system is recorded with a debit to _____.
a. accounts payable and a credit to purchase discounts
b. purchase returns and allowances and a credit to accounts payable
c. accounts payable and a credit to inventory
d. inventory and a credit to accounts payable
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